Alibaba

Alibaba invests US$590 million in smartphone manufacturer Meizu

Meizu

Chinese e-commerce giant Alibaba today announced that it is investing US$590 million in Meizu, a Chinese smartphone maker that is quickly making a name for itself in that market. In exchange for an unspecified minority stake, Alibaba gains a smartphone ally that will adopt its YunOS, a forked version of Android. “The investment in Meizu represents a significant expansion of the Alibaba Group […]